great post @aloxley87. And @miningnut great work. Certainly quite confronting numbers. Without in any way being disrespectful to either, my sense is MGX too is looking at similar numbers. And if that is true (which I certainly hope it is), you have to wonder why they are not looking to reflect these estimates into the prevailing traded price.
I think the only logical explanation is that they are looking to self fund expansion beyond the borders of Koolan which IMO is very much the Chinese business model. So the legacy is uncertainty as to what they might do and low expectations of any interim public value driver ...
Sad really...
MGX Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
(20min delay)